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Russia pushes Ukraine forces to key city's outskirts after fierce assault

Russia has concentrated its troops and firepower on the small eastern city in recent weeks to secure the surrounding province on behalf of separatist proxies

OECD slashes growth outlook, but sees limited stagflation risk

Says world economy to grow 3% this year, much less than the 4.5% expected earlier

Russia has no extra oil to sign deals with two Indian buyers: Report

A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil

Twitter plans shareholder vote by August on $44-bn sale to Elon Musk

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case

Spotify expects to reach $100 bn in revenue in 10 years; shares rise 5%

The company said it has committed more than $1 billion on podcasting and expects podcast revenue to increase materially this year from the $215 million it made last year

US SEC chief Gensler unveils plan to overhaul Wall Street stock trading

The plan, unveiled by US Securities and Exchange Commission chair Gary Gensler, would require trading firms to directly compete to execute trades from retail investors to boost competition

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

By Scott DiSavino

Twitter plans to provide Elon Musk with data on bots, says report

The social media company will provide Musk with access to a stream of data comprising more than 500 million tweets posted every day, the Washington Post reported

Global shares waver as sentiment ebbs on rate fears, yields rise

By Herbert Lash

Tinubu, ex-governor of Lagos, in pole position for Nigerian presidency

In a country with a long history of electoral fraud where the ruling party has a major advantage, Tinubu is now the front-runner to be next leader of Africa's most populous nation and top oil exporter

Over 1,000 monkeypox cases reported to WHO from 29 non-endemic countries

WHO Director-General Tedros Adhanom Ghebreyesus said the risk of monkeypox becoming established in these non-endemic countries was real but preventable at this point

StanChart CEO sees shallow and short recession by early 2023: Here's why

"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday

After lockdown, Shanghai tries to mend fences with foreign firms

The image of China's most cosmopolitan city and its biggest business hub was badly damaged by the two-month lockdown

Moderna's new booster produces stronger response against Omicron

Moderna has been studying the so-called bivalent vaccine, which targets both Omicron and the original coronavirus strain to determine if it works better against the variant

Gold prices dip on firm dollar, treasury yields; US inflation data in focus

Spot gold fell 0.1% to $1,850.10 per ounce by 1012 GMT, while U.S. gold futures were flat at $1,851.90

Oil prices rise despite US inventory hike as China eases Covid lockdowns

Oil prices have risen backing on Chinese expectations as it unlocks cities. Even though US inventory hikes, oil prices rose parallely, possibly due to a strike by Norwegian workers.

India could soon allow wheat exports of 1.2 million tonnes: Report

New Delhi banned wheat exports in a surprise move on May 14, but said it would allow overseas shipments backed by already issued letters of credit and to countries that request supplies

European stocks slip, US futures in red; markets raise ECB rate hike bets

European stocks took a dip while US futures is saw red on Wednesday. Asian stocks gathered strong ground following US-based stock dip. Market sentiment too, was volatile leading to lower indexes

NASA to launch 3 rockets from Australia's north for scientific studies

"This is a really exciting project," Albanese said during a media briefing in Darwin, the capital of the Northern Territory